A New York federal judge has rejected a shareholder class action settlement and request for $200,000 in plaintiffs' attorney fees, calling the deal virtually worthless to shareholders. The case stemmed from the 1998 purchase of London insurance broker Willis Corroon Group P.L.C. by an investor group led by Kohlberg Kravis Roberts & Co. (KKR).
May 24, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A New York federal judge has rejected a shareholder class action settlement and request for $200,000 in plaintiffs’ attorney fees, calling the deal virtually worthless to shareholders.
The case stemmed from the 1998 purchase of London insurance broker Willis Corroon Group P.L.C. by an investor group led by Kohlberg Kravis Roberts & Co. (KKR).
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